Word: oit
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...plan brought a loud squawk from the Department of Commerce's Office of International Trade Operations. OIT, which would have to administer the CPA plan through export-license control, hated the thought of curbing foreign trade at a time when the U.S, was asking the rest of the world to relax trade restrictions. (Commercial exports in May were $649 million, highest since January 1921.) But there had been no boom since OPA's death. If a boom started, OIT could clamp on controls in 24 hours. In effect, CPA was turning on the hose before the fire started...